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BUSINESS-MANAGEMENT Results
February 13, 2020
Update on IRS Rules for Meals and Entertainment

Beginning in 2018, no deduction was allowed for entertaining clients, employees or referral sources. Most business meals remain 50 percent deductible. One often overlooked exception is office-wide parties or picnics for employees, which are 100 percent deductible. Confused? Don't be. We asked Michael Baker of Moses Dent to break down the rules.

Member Firm News
February 7, 2020

Terracon is excited to announce its acquisition of Skelly and Loy (S&L), headquartered in Harrisburg, Pa. S&L is a privately held environmental consulting and engineering services company, with more than 50 years serving public- and private-sector clients in the Mid-Atlantic region.

https://www.prnewswire.co


February 4, 2020

AECOM announced today that it has been named to Fortune magazine’s list of the World’s Most Admired Companies for the sixth consecutive year.

https://www.aecom.com/pre


February 3, 2020

As a San Francisco Public Utilities Commission's (SFPUC) social impact partner, Carollo Engineers is sponsoring two scholarships for college-bound high school seniors from the San Francisco Unified School District (SFUSD) through the 2020 Maisin Scholar Award Program.

https://www.wfmz.com/news


Market Indicators
Indicators

Engineering Employment
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1,532,800 (December)
1,529,700 (November)

Construction Spending
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$1,324,100,000 (November)
$1,316,800,000 (October)

Dodge Momentum Index
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156.2 (December)
153.9 (November)

Morrissey Goodale U.S. M&A Index
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310 Deals--Up 4 percent year-over-year

AIA Billings Index
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52.5 (December)
51.9 (November)

Engineering Career Opportunities

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